转自：证券时报 人民财讯1月7日电，陕西黑猫(601015)1月7日公告，2025年第四季度焦炭产量129.88万吨、销量123.14 万吨，销售收入16.67亿元。焦炭平均单价1353.59元/吨，同比下降12.42%、环比增长13.79%。 ...

证券代码：601015 证券简称：陕西黑猫 公告编号：2026-001 陕西黑猫焦化股份有限公司 2025 年第四季度主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 根据上海证券交易所《上市公司行业信息披露指引第十三号—化工》的规定， 现将公司 2025 年第四季度主要经营数据披露如下： | 主要产品 | 产量（万吨） | 销量（万吨） | 销售收入（万元） | | --- | --- | --- | --- | | 焦炭 | 129.88 | 123.14 | 166,676.65 | | 焦油 | 4.92 | 4.89 | 13,640.64 | | 粗苯 | 1.58 | 1.62 | 6,226.62 | | 甲醇 | 6.25 | 5.91 | 10,080.76 | | 合成氨 | 4.39 | 3.99 | 7,075.45 | | LNG | 3.13 | 2.85 | 9,992.98 | | BDO | 0.96 | 1.06 | 6,194.88 | | 精煤 | 7.36 | ...

Core Viewpoint - The announcement from Shaanxi Black Cat indicates a mixed performance in the fourth quarter of 2025, with a notable decline in average prices for various products despite an increase in production and sales volume [1] Group 1: Production and Sales Data - In Q4 2025, the company produced 1.2988 million tons of coke and sold 1.2314 million tons, generating sales revenue of 1.667 billion yuan [1] - The production figures for other products include 49,200 tons of tar, 15,800 tons of crude benzene, and 62,500 tons of methanol [1] Group 2: Price Changes - The average price of coke was 1,353.59 yuan per ton, reflecting a year-on-year decrease of 12.42% but a quarter-on-quarter increase of 13.79% [1] - The price of tar was 2,787.36 yuan per ton, down 12.79% year-on-year [1] - The price of crude benzene was 3,840.46 yuan per ton, showing a significant year-on-year decline of 27.26% [1] - The average price of methanol was 1,706.05 yuan per ton, with a slight year-on-year decrease of 2.20% [1]

Group 1 - The coke sector experienced a significant increase of 4.61% on January 7, with Shaanxi Black Cat leading the gains [1] - The Shanghai Composite Index closed at 4085.77, up 0.05%, while the Shenzhen Component Index closed at 14030.56, up 0.06% [1] - Key stocks in the coke sector showed notable price increases, with Shaanxi Black Cat rising by 10.00% to a closing price of 4.07, and Antai Group increasing by 9.90% to 4.55 [1] Group 2 - The net inflow of main funds in the coke sector was 559 million yuan, while retail funds saw a net outflow of 360 million yuan [1] - Antai Group had the highest net inflow from main funds at 284 million yuan, accounting for 30.49% of its trading volume [2] - Shaanxi Black Cat also saw a significant net inflow of 125 million yuan, representing 23.07% of its trading volume [2]

Market Overview - On January 7, the A-share market experienced fluctuations with all three major indices closing higher. The Shanghai Composite Index rose by 0.05%, marking a 14-day consecutive increase, and approached the 4100-point mark. The Shenzhen Component Index increased by 0.06%, while the ChiNext Index gained 0.31% [2]. Trading Volume and Sector Performance - The total market turnover exceeded 2.88 trillion yuan, an increase of 493 billion yuan from the previous trading day, with over 2100 stocks rising. Notable sectors that performed well included photoresists, coal mining and processing, storage chips, photolithography machines, and controllable nuclear fusion. In contrast, sectors such as brain-computer interfaces and internet insurance saw collective adjustments [4]. Notable Stocks - The commercial aerospace sector was particularly active, with stocks like Shaoyang Hydraulic, Guanggang Gas, and Shengbang Safety hitting the daily limit. LeiKe Defense achieved a six-day consecutive limit-up, closing at 16.71 yuan per share, with a total market capitalization exceeding 22 billion yuan. Since the uptrend began on November 24, 2025, the stock has accumulated a rise of over 188% [4][6]. Technical Analysis and Future Outlook - According to Dongfang Securities, as the Shanghai Composite Index approaches the 4100-point threshold, the upward momentum is expected to slow down, with potential for significant fluctuations. Future industry focus remains crucial, but caution is advised regarding the risk of substantial adjustments following individual stock surges [5]. Coal Sector Insights - The coal sector continued to rise, with companies like Dayou Energy, Shanxi Black Cat, and Antai Group hitting the daily limit. Notably, both coking coal and coke futures contracts reached their daily limit. Analysts from Guohai Securities noted that the supply constraints in the coal mining industry remain unchanged, while demand may experience fluctuations. The industry is expected to see improvements in supply-demand relationships by 2026, with policies supporting price stability and profitability recovery [9][11]. Controllable Nuclear Fusion Developments - The controllable nuclear fusion sector saw strong gains, with companies like Hongxun Technology and Xue Ren Group reaching the daily limit. A significant milestone was achieved by Energy Singularity Company, which successfully operated its first high-temperature superconducting Tokamak nuclear fusion experimental device for 120 seconds, marking a critical advancement towards commercial viability [12][14][15].

Market Overview - A-shares experienced a strong rise, with the Shanghai Composite Index approaching 4100 points, marking a 10-year high, before retreating in the afternoon [1][3] - The total trading volume in the Shanghai and Shenzhen markets reached approximately 2.88 trillion yuan, an increase of nearly 50 billion yuan compared to the previous day [3] Semiconductor Sector - The semiconductor industry saw significant gains, with stocks in the photolithography, storage chip, and advanced packaging segments collectively surging [4][5] - Notable stocks included Nanda Optoelectronics and Chip Source Microelectronics, both hitting the daily limit of 20% increase, while Anji Technology rose nearly 19% [5][7] - The semiconductor sector is driven by rising prices across the supply chain, sustained AI demand, and the strengthening of domestic substitution logic [7] Coal Sector - The coal sector experienced a substantial rise, with companies like Dayou Energy and Shaanxi Black Cat hitting the daily limit, and Zhengzhou Coal Electric rising over 8% [9][11] - Futures for coking coal and coke saw limit-up increases, driven by expected heating demand due to colder temperatures in the eastern and central regions post-New Year [11] - Analysts suggest that the coal market is expected to stabilize, with a tight supply-demand balance anticipated over the next 3-5 years, making quality coal companies attractive investments [11] Rare Earth Sector - The rare earth sector showed strong performance, with stocks like Fangbang Co. and Zhongke Magnetic Materials rising over 12% and 7% respectively [13][15] - Analysts indicate that supply in the rare earth segment is gradually recovering, but market circulation remains tight, supporting stable prices [15]

Market Overview - The A-share market experienced fluctuations on January 7, with all three major indices closing higher. The Shanghai Composite Index rose by 0.05%, marking a 14-day consecutive increase, and approached the 4100-point level. The Shenzhen Component Index increased by 0.06%, while the ChiNext Index gained 0.31% [2] Trading Volume and Sector Performance - The total market turnover exceeded 2.88 trillion yuan, an increase of 493 billion yuan from the previous trading day, with over 2100 stocks rising. Key sectors that performed well included photoresists, coal mining and processing, storage chips, photolithography machines, and controllable nuclear fusion, while sectors like brain-computer interfaces and internet insurance saw collective adjustments [4] Notable Stocks - The commercial aerospace sector was notably active, with stocks such as Shaoyang Hydraulic, Guanggang Gas, and Shengbang Safety hitting the daily limit. Stocks like Chengjian Development and Galaxy Electronics also showed strong performance with consecutive gains [4] - LeiKe Defense achieved a six-day consecutive increase, closing at 16.71 yuan per share, with a total market capitalization exceeding 22 billion yuan. The stock has seen a cumulative increase of over 188% since its upward trend began on November 24, 2025 [4] Coal Sector Insights - The coal sector continued to rise, with companies like Dayou Energy, Shanxi Black Cat, and Antai Group hitting the daily limit. Other notable performers included Zhengzhou Coal Power and Shanxi Coking Coal [5][6] - According to Guohai Securities, the coal mining industry's supply constraints remain unchanged, while demand may fluctuate. The industry is expected to see improvements in supply-demand relationships by 2026, with policies supporting price stability and profitability [6] Controllable Nuclear Fusion Sector - The controllable nuclear fusion sector saw strong gains, with companies like Hongxun Technology, Snowman Group, and China Nuclear Engineering hitting the daily limit. The sector's index rose by 2.53% [8] - Energy Singularity Company announced significant progress with its high-temperature superconducting tokamak nuclear fusion experimental device, achieving a stable long-pulse plasma operation for 120 seconds. This marks a milestone in the commercialization of fusion energy [10] - Northeast Securities anticipates that the controllable nuclear fusion industry is transitioning from experimental validation to commercial demonstration, with expectations for demonstration power generation by the mid-21st century [10]

Market Overview - The total market turnover exceeded 2.88 trillion yuan, an increase of 493 billion yuan compared to the previous trading day, with over 2,100 stocks rising [2] Sector Performance - The sectors that saw the highest gains included photoresists, coal mining and processing, storage chips, photolithography machines, and controllable nuclear fusion, while brain-computer interfaces and internet insurance sectors experienced collective adjustments [3] - The coal sector continued to rise, with stocks such as Dayou Energy, Shanxi Black Cat, and Antai Group hitting the daily limit, while Zhengzhou Coal Electricity, Lu'an Environmental Energy, and Shanxi Coking Coal also showed significant gains [6][8] Notable Stocks - Reiko Defense achieved a "6 consecutive limit up" and topped the A-share hot stock list, closing at 16.71 yuan per share, with a total market value exceeding 22 billion yuan. The stock has seen a cumulative increase of over 188% since the upward trend began on November 24, 2025 [3][5] - The controllable nuclear fusion sector saw strong gains, with companies like Hongxun Technology, Xue Ren Group, China Nuclear Construction, and Guoji Heavy Equipment hitting the daily limit [9] Coal Industry Insights - According to Guohai Securities, the supply constraints in the coal mining industry remain unchanged, while demand may fluctuate. The industry is expected to see improvements in supply-demand relationships by 2026, with policies supporting price increases and profitability recovery [8] - Leading coal companies exhibit characteristics of high profitability, high cash flow, high asset quality, high dividends, and high barriers to entry, making them attractive for investment [8] Controllable Nuclear Fusion Developments - Energy Singularity Company announced significant progress with its high-temperature superconducting Tokamak nuclear fusion experimental device, achieving a stable long-pulse plasma operation for 120 seconds, marking a milestone in commercial nuclear fusion technology [12] - Northeast Securities anticipates that the controllable nuclear fusion industry is transitioning from experimental validation to commercial demonstration, with expectations for demonstration power generation by the mid-21st century [12]

Market Overview - The three major A-share indices experienced slight increases, with the Shanghai Composite Index rising by 0.05% to 4085 points, the Shenzhen Component Index increasing by 0.06%, and the ChiNext Index up by 0.31% [1][2] - The total market turnover reached 2.88 trillion yuan, an increase of 49.3 billion yuan compared to the previous trading day, with nearly 3200 stocks declining [1] Index Performance - Shanghai Composite Index: 4085.77 (+2.11, +0.05%) [2] - Shenzhen Component Index: 14030.56 (+8.01, +0.06%) [2] - ChiNext Index: 3329.69 (+10.40, +0.31%) [2] - Sci-Tech 50 Index: 1443.39 (+14.09, +0.99%) [2] - CSI 300 Index: 4776.67 (-14.03, -0.29%) [2] - CSI 500 Index: 7875.08 (+60.95, +0.78%) [2] Sector Performance - The storage chip sector saw a significant surge, with companies like Tongcheng New Materials and Hengkun New Materials hitting the daily limit [1][3] - The electronic chemicals sector also rose, with Guanggang Gas hitting the daily limit [1][3] - The photolithography machine sector strengthened, with companies like Nanda Optoelectronics reaching the daily limit [1][3] - The media sector experienced gains, with companies such as Dayou Energy and Shanxi Black Cat hitting the daily limit [3] Declining Sectors - The DRG/DIP concept saw a decline, with Rongke Technology hitting a 20% limit down [3] - The brain-computer interface sector faced a significant pullback, with companies like Chengyitong and Aipeng Medical dropping over 10% [3] - The titanium dioxide sector weakened, with Zhenhua Co. leading the decline [3] - Sectors related to digital currency, under-screen photography, and brokerage concepts also experienced notable declines [3]

Market Overview - A-shares experienced narrow fluctuations on January 7, with the Shanghai Composite Index rising by 0.05%, the Shenzhen Component Index by 0.06%, the ChiNext Index by 0.31%, and the STAR Market Index by 1.53% [1][2]. Sector Performance - The semiconductor industry chain showed strength, with photolithography machines and memory sectors leading the gains. Active sectors included rare earths, CPO, innovative pharmaceuticals, and short drama gaming themes. Conversely, digital currency and cross-border payment sectors adjusted, while brokerage and oil & gas sectors saw significant declines [2][6]. Individual Stock Highlights - Notable stocks in the photolithography and photolithography adhesive sectors included: - Jiasian Co. (+25.68%) - Gaomeng New Materials (+20.03%) - Huarong Chemical (+20.03%) - Nanda Optoelectronics (+20.00%) - Xinyuan Micro (+20.00%) [3][4]. - The coal sector experienced a collective surge, with stocks such as Dayou Energy, Antai Group, and Shaanxi Black Cat hitting the daily limit [4]. Trading Volume and Market Sentiment - The total trading volume in the Shanghai and Shenzhen markets reached 2.85 trillion yuan, an increase of 476 billion yuan compared to the previous trading day, with nearly 3,200 stocks declining [4][6]. Capital Flow - Main capital inflows were observed in coal, electric grid equipment, and semiconductor sectors, while outflows were noted in computer, consumer electronics, and securities sectors [6][7]. Institutional Insights - Dongfang Securities noted that the market opened positively, with a favorable outlook for technology growth stages. - CICC highlighted an improvement in market risk appetite, suggesting that the spring market trend may continue. - China Merchants Securities indicated that A-shares are likely to maintain an upward trend, with a high probability of continuing the spring offensive [8].